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October 24 - 30, 2008 CBD www.independentweekly.com.au new on the market Information provided by Herron Todd White (SA), independent property advisors SALISBURY 91-93 John Street MORPHETT VALE 185-189 Main South Road This commercial property is a row of 2-3 shops/offices with rear access. It has further development potential and is part vacant possession and part tenanted. It has a floor area of approximately 147sqm and has four car parks with more available. Area: 720sqm Auction: Friday November 28 at 1pm Contact: Matt King of Commercial S.A Property Group on 0403 302 702 auction action ALBERT PARK 16 Murray Street This property was sold after auction by Commercial Property Group with vacant possession in the vicinity of $400,000. The property comprises of a workshop with office of besser block construction. The total building area is approximately 362sqm on a 743sqm allotment. The building rate is $1105 per sqm. PARK HOLME 604 Marion Road This commercial property comprises of a single storey office with rear parking. It has approximately 171sqm of building area on a 604sqm allotment. The property is zoned commercial (Marion Road). The property was sold prior to the scheduled auction on October 9. The property was sold for $460,000 October Bonus Purchase any Design Solution or Training from KarelCAD this October and you can receive a microwave, fridge or dishwasher for your design space from our partners at Blanco and Fisher & Paykel. KarelCAD Call KarelCAD 1800 223 562 This office premises has a long-term safe and secure lease to SA Government. It has a net lettable area of approximately 829sqm over two levels and 12 onsite car parks. Its current gross rental is at $203,361 pa plus GST. It is a district centre zone (Policy Area 3). Area: 1580sqm. Auction:EOI closing 4pm Monday November 17 Contact: David Ente of Raine & Horne – Commercial on 0412 127 653 PORT AUGUSTA Lot 100-101 Stuart Highway This is a rare parcel of freehold land on the northern approach to Port Augusta. It has two titles and is zoned non-urban commercial/ industrial. Lot 101 has steel frame fibro-clad three-bedroom home, large industrial shed 18m x 9m x 5.5m with drive through and pit. It is to be sold as a whole or in two lots. Area: 55,530sqm. Auction: EOI closing Nov 18 Contact: Howard Kaesler of Raine & Horne Real Estate – Port Augusta on 8642 3655 Building a future W Bill Nicholas hen Gus Hines escaped from Nuremburg as a young man in 1939, he and his wife spent the first month on board a ship out of Rotterdam in lifejackets as it dodged German warships. They wereon the way to Adelaide after an unnerving experience. Every male Jew in an apartment block had been forced by Nazis to get up at midnight and taken to a forest where their job was to work all night stripping the bark off trees. The rest of the men – doctors, businessmen and professionals – remained, rooted to their home. But Gus and his wife decided to flee and headed to Adelaide where they had a family connection. They arrived here with two bicycles their only assets. Hines, who had been a metals trader in Germany, got a metals trading job at Charlicks and after a short while formed Hines Metals, a scrap metals business which he later sold to Sims in 1972. Gus had begat Jack. Father and son moved into the meat export business, moving mountains of meat into eastern Europe, Russia and many countries – beef, lamb, pork, offal and all sorts of product for canning and food manufacture for armies and mass markets. Every time they had some spare money they put it into property, in later years concentrating on Hindmarsh Square. A decade ago together with Tidswell Superannuation, they built the hotel on the western side of the square – now known as Mantra – which attracted some legal attention concerning a squabble over guaranteed earnings for the apartments. The next generation of the family is now cutting its teeth on two major property developments in Hindmarsh Square. James Hines, 31, married with two children, is managing director of Hines Property while his father Jackhas been moved upstairs as executive chairman. The business is run out of Melbourne where the meat trading continues with fruit and veggies added to the export mix. The two new Hindmarsh Square properties are the Conservatory James Hines of Hines Property at the Conservatory, which is under construction. Photo: Stephen Gray 24 property, architecture & design on the western corner of Grenfell and the square and two towers on the site of the Academy Cinema in the north east corner, just poking up out of the ground. The $70 million Conservatory, being built byBovis Lend Lease, is a fortnight ahead of its scheduled completion next June. There are eight apartments still on sale – including two $2.48 million penthouses. The $150 million twin towers known as 20 Hindmarsh will consist of a 308-roomed hotel which Intercontinental will manageas a Crowne Plaza and 89 apartments within a two-minute hop to Rundle Street. Hines says the Conservatory will be part-powered by solar panels and a turbine that runs on natural gas that creates cleaner electricity while providing bonus hot water for the residents. A heat exchanger that uses exhaust air to pre-cool fresh (hot) air makes air conditioning more efficient. Also contributing to energy efficiency is using rainwater for the toilets, light globes that use 15 per cent of normal power, putting hot water into dishwashers and double-glazing. “What we’ve learned at the Conservatory we’re putting into place in the new hotel to minimise the running costs of the building,” Hines says, noting that hotels have been the last to introduce green building features. Isn’t there going to be a bit of a glut of city apartments with Urban Construct, Macquarie Bank and Dominic Matioli going their hardest? “There’s a shortage of well located apartments in Adelaide,” Hines says. “And there won’t be too many more shooting up around the East End because – take it from me – there’s not too many good sites available. “There is a very real shortage of vacant apartments around Royal Adelaide, the uni and for city executives posted to Adelaide from other cities.” Architecture opens its doors This week is Architecture Week across Australia giving people the chance to see behind the buildings. The Australian Institute of Architects run events and activites nationally promoting architecture to the general public. The highlight of the week is the National Architecture Awards being held at St Peter’s Cathedral in Adelaide. Also in SA, people have the chance to visit an architect letting them see where the landmark buildings of Adelaide have been designed. Other events include a speech by Alex Tzannes of Tzannes Associates which is renowned for elegant and understated architecture. The perfect roofi ng for those with a creative bent. Originally designed for economy and simplicity, Fielders steel roofi ng also offers architects more creative freedom than any other material. Of course, Fielders have known this for over a century. Take advantage of this fl exibility to fl ow and curve through shapes experimental, radical or simply organic. And enjoy the fringe benefi ts of light weight and superior strength. Use your imagination, and stretch yourself with steel. Fielders. Flexibility is our strength. Call 1800 182 255 or go to www.fielders.com.au